Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                         Date of Report: October 7, 2002
                        (Date of earliest event reported)

                              NATHAN'S FAMOUS, INC.
             (Exact Name of Registrant as Specified in its Charter)

         Delaware                  1-3189                      11-3166443
------------------------        ------------                ----------------
(State of Incorporation)        (Commission                 (I.R.S. Employer
                                File Number)               Identification No.)

1400 Old Country Road, Westbury, New York                         11590
(Address of Principal Executive Offices)                        (Zip Code)

Registrant's telephone number including area code            (516) 338-8500

(Former name or former address, if changed since last report.)

Item 5.   Other Events

     On October 7, 2002, the  Registrant  announced a stock  repurchase  program
which authorized the purchase of up to 1 million shares of its common stock.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits

          (c)  Exhibits

          99.1 Press Release dated October 7, 2002


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunder duly authorized.

                                NATHAN'S FAMOUS, INC.

                                By: /s/ Ronald DeVos
                                Ronald DeVos
                                Vice-President Finance
                                and Chief Financial Officer
                                (Principal Financial and Accounting Officer)

Dated:   October 7, 2002